My credit sucks and i need a new car. Are there any dealerships that sell you a car based on you paycheck stub

Question

i make 4500 a month and am in the orange county area.

Answer 1

There are plenty.....They have lenders for every type of credit situation. You may pay more in interest but you can find a dealership that will sell you a car. I would go to a dealership rather than a buy here, pay here place. Check the free auto magazines that have dealers for an entire area...

Answer 2

Dude you make $4500 a month - that should mean you have some money saved up for a deposit unless your blowing it malt liquor and the ladies every Friday night. Save up at least $9,000 and go to a reputable dealership in your area. Choose a decent car you can afford like a Mazda 3 or Mitsubishi Eclipse or even better a base Toyota Corolla for like $14,000. Don't tell the salesperson about your credit history or how much you want the payments to be until, very important until you come to an agreement on the price of the vehicle. Lets say after tax and license you end paying about $19,500. That means you have a loan for like $10,500. With your bad credit a fair percentage rate would be like 18% which means if you take out a 60 month loan your monthly payments would $253.93, which is a very low monthly payment compared to other car loans today. The key my friend is being able to put the large amount down. Do this and not only will you be driving soon but you will also rebuild your credit, as long as you pay on time.

Answer 3

Your concern should not be the dealership, it should be getting financed. In your situation, you would be best served by shopping around for your own financing first. Go to banks that you already do business with or a local credit union. Get the best deal you can then go shop for a car anywhere you like. They can always try to beat the offers you bring to the table, but often they can't.

Answer 4

I don't know if you mean Orange County Fl or Ca, but here in florida there are alot of buy here, pay here places. There are actually some good ones, but you have to check around. Good Luck! ( my credit sucks, too :) )

Answer 5

You can get financed virtually anywhere with your income, as long as you put down a nice deposit and are willing to pay a higher interest rate. You can always make all your payments on time for a year and refinance.

Answer 6

if that is want you make a month then you do not need a credit card you should be able to put down a large down payment and pay the nin. payement every month